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(TORNTPOWER) Torrent Power complete technical analysis [charts+indicators] | Buy/Sell Torrent Power | (TORNTPOWER) share price targets

Complete technical analysis of Torrent Power (TORNTPOWER) by charts plus indicators, forecast predictions and share price targets for Torrent Power (TORNTPOWER)

Torrent Power trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2024-01-22 View latest technical analysis

10 day averaged volume of Torrent Power is 270055

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	982.85	990.00	998.40	977.95	0.3 times
19 Fri Jan 2024	988.95	1003.80	1010.90	977.55	1.018 times
18 Thu Jan 2024	997.10	1001.95	1011.75	975.25	0.648 times
17 Wed Jan 2024	1001.90	1007.00	1034.95	992.70	1.158 times
16 Tue Jan 2024	1008.70	1013.90	1037.50	994.70	1.243 times
15 Mon Jan 2024	1011.35	1017.00	1022.00	987.20	1.443 times
12 Fri Jan 2024	1013.55	1021.00	1023.30	1007.00	0.434 times
11 Thu Jan 2024	1020.30	1023.50	1029.00	1011.25	0.59 times
10 Wed Jan 2024	1021.85	1021.05	1037.80	1014.50	1.387 times
09 Tue Jan 2024	1021.05	1018.50	1025.65	1011.20	0.815 times

My analysis of stock is bullish for shortterm, and stock might move up till 1023.7 or till 1074.6. Use a stoploss of 981.2 and if this stock hits its stoploss, then it can fall down till 938.73

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	656.75
Downside Target	691.95
Downside Target	715.35
Downside Target	747.75
Downside Target	869.00
Downside Target	894.00
Downside Target	930.10
Downside Target	975.25
Upside Target	998.40
Upside Target	1037.50
Upside Target	1040.00
Upside Target	1047.00
Upside Target	1071.95

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	974.4
Downside Intraday Target	965.95
Upside Intraday Target	994.85
Upside Intraday Target	1006.85
Upside Intraday Target	986.4

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	982.85	990.00	998.40	977.95	0.054 times
19 Fri Jan 2024	988.95	1017.00	1037.50	975.25	1.227 times
12 Fri Jan 2024	1013.55	1038.15	1040.00	1007.00	0.121 times
05 Fri Jan 2024	1038.20	944.80	1071.95	930.10	5.13 times
29 Fri Dec 2023	933.85	915.00	939.95	894.00	1.123 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	982.85	944.80	1071.95	930.10	0.995 times
29 Fri Dec 2023	933.85	965.00	1047.00	869.00	0.77 times
30 Thu Nov 2023	964.00	726.90	1004.00	715.35	2.502 times
31 Tue Oct 2023	726.90	738.05	760.90	691.95	0.647 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Torrent Power (TORNTPOWER)

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Torrent Power stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.

Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Power in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Torrent Power is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1008.46 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Torrent Power (TORNTPOWER) stock. Volume based technical analysis of Torrent Power (TORNTPOWER) stock is negative.

Torrent Power Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.